Listed by Johnson Group Commercial
$1,224,000
831 KEYSTONE RENO NEVADA - NNN LEASED MEDICAL
Details
APN 006-074-37
Property Type Office
Sub Type Medical Office, Traditional Office
Square Footage 3,245
Cap Rate 6.25%
NOI $76,460
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 12
Lease Expiration 03/31/2030
Remaining Term 3.8
Rent Bumps Yes
Lease Options 1
Price per SqFt $377
Broker Co-Op Yes
Class B
Year Built 1948
Year Renovated 2023
Buildings 1
Stories 2
Zoning PO
Investment Type Net Lease
Lease Commencement 04/01/2018
Ground Lease No
NNN LEASED INVESTMENT
Marketing description
Johnson Group Commercial is pleased to offer for sale a NNN-leased building to Visionary Partners NV, LLC - Pritchett Eye Care Associates, centrally located in Reno NV. This approximately 3,245 sq property, complete with a basement, has undergone recent upgrades and provides convenient on-site parking. It offers excellent accessibility to the University of Nevada,
Investment highlights
Healthcare office, currently being occupied by Visionary Partners NV, LLC - Pritchett Eye Care Associates – Keystone
NNN LEASE - current term expires 3/31/30
Newer roof approx. 2 years old
Zoning: PO
3% annual rent increases!
Listing Contacts
Listed by Johnson Group Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$76,460.00
$6,371.67/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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